John Maynard Keynes sought to solve the economic paradox of the Great Depression,which was the coexistence of
A)low production and low unemployment.
B)high production and low inflation.
C)high production and high inflation.
D)low production and high unemployment.

Question

Quizplus · Accepted Answer

During the Great Depression, the economic paradox was the coexistence of low production and high unemployment. Therefore, the best choice is option D which reflects this paradox. John Maynard Keynes developed his theory of deficit spending and government intervention in the economy to address this issue.

John Maynard Keynes Sought to Solve the Economic Paradox of the Great